Lithuanian economy fell 1.7 percent on quarter in the three months to December 2022, in line with an earlier estimate and compared to an upwardly revised 1.6 percent growth in the previous month, the second estimate showed. This was marked as the first contraction in the GDP since Q2 of 2020, with the negative contributions coming from manufacturing (-2 percent vs 5.7 percent in Q3), agriculture, forestry & fishing (-9.3 percent vs 4.8 percent), and real estate activities (-1.3 percent vs -1.7 percent). On the other hand, increases were seen in construction (2.1 percent vs 0.7 percent) and information & communication (9.5 percent vs 8.9 percent). Year-on-year, GDP fell 0.4 percent, shifting from a downwardly revised 1.8 percent growth in Q3. source: Statistics Lithuania
GDP Growth Rate in Lithuania averaged 1.01 percent from 1995 until 2022, reaching an all time high of 4.40 percent in the first quarter of 2003 and a record low of -12.90 percent in the first quarter of 2009. This page provides - Lithuania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
GDP Growth Rate in Lithuania is expected to be -0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania GDP Growth Rate is projected to trend around 0.60 percent in 2024, according to our econometric models.